SNAP - Snap Inc.

NYSE - Nasdaq Real Time Price. Currency in USD
17.26
+0.09 (+0.52%)
As of 10:41AM EST. Market open.
Stock chart is not supported by your current browser
Previous Close17.17
Open17.23
Bid17.25 x 3200
Ask17.26 x 3200
Day's Range17.10 - 17.33
52 Week Range9.13 - 19.75
Volume4,192,956
Avg. Volume24,000,022
Market Cap24.512B
Beta (5Y Monthly)1.06
PE Ratio (TTM)N/A
EPS (TTM)-0.75
Earnings DateApr 20, 2020 - Apr 26, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est20.03
  • Snap invites 10 startups to chat at Yellow accelerator
    American City Business Journals

    Snap invites 10 startups to chat at Yellow accelerator

    The 2020 cohort includes companies working in mobile content innovation, content-driven commerce, community-driven businesses and digital media.

  • Twitter Buys Chroma Labs, Startup Founded by Facebook Veterans
    Bloomberg

    Twitter Buys Chroma Labs, Startup Founded by Facebook Veterans

    (Bloomberg) -- Twitter Inc. is acquiring Chroma Labs, a seven-person startup that was founded by former Facebook and Instagram employees for building photo and video-editing features.Chroma Labs was launched last fall with an app that lets people edit photos and videos before sharing them on the Stories features inside other apps, like Instagram or Snap Inc.’s Snapchat. The company is joining Twitter to “give people more creative ways to express themselves in conversations,” said Twitter’s head of product, Kayvon Beykpour, in a tweet. A Twitter spokesman declined to comment on deal terms.John Barnett, Alex Li and Joshua Harris, Chroma Labs co-founders, worked on products at Facebook Inc. before setting out on their own to build a company around creative editing tools. While at Facebook, the group’s members were involved in projects such as Instagram Stories, augmented-reality camera effects and Oculus virtual-reality headsets. Early investors in the San Mateo, California-based startup include Index Ventures, Sweet Capital and Combine VC.Twitter has said that improving conversations on the social-media service is a top priority. In recent weeks, the San Francisco-based company has changed the way some user interactions appear in the app and has added the ability to respond to direct messages with emojis. Twitter hasn’t unveiled a Stories-like product for disappearing posts, though it introduced some camera features like tags and labels last year.“[We] built Chroma Labs and many successful products together to inspire creativity and help people tell their visual stories,” Barnett said in a statement. “We look forward to continuing this mission at a larger scale with one of the most important services in the world.”To contact the reporter on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Andrew PollackFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

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    Investopedia

    Alwaleed bin Talal: Saudi Arabia's Warren Buffett

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  • A Snapchat redesign is in the works — again
    American City Business Journals

    A Snapchat redesign is in the works — again

    The Santa Monica, California-based social media firm has sent two new approaches to a small percentage of its 218 million daily active users.

  • 2 Social Media Stocks With Cheap Options
    Schaeffer's Investment Research

    2 Social Media Stocks With Cheap Options

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    World's Top 10 Youngest Billionaires

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    Investopedia

    How the Venmo Debit Card May Save PayPal

    With Apple Pay Cash, Google Pay, Facebook Messenger, and Snapcash, tech industry leaders have made it easier than ever to exchange money online by integrating money transfer services with personal devices, and social media. For a time, it looked as though smartphones would become the new wallets — and then came Venmo. Acquired by e-commerce company Braintree for $26.2 million in 2012 and then by PayPal for $800 million just one year later, Venmo has become one of the most popular mobile applications for “person-to-person” (P2P) payments among millennials in the United States.

  • Why We Stay Away From Tencent
    GuruFocus.com

    Why We Stay Away From Tencent

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  • Analysts Expect Breakeven For Snap Inc. (NYSE:SNAP)
    Simply Wall St.

    Analysts Expect Breakeven For Snap Inc. (NYSE:SNAP)

    Snap Inc.'s (NYSE:SNAP): Snap Inc. operates as a camera company in the United States and internationally. The US$24b...

  • Pinterest Users Should Consider a Bet on the Social Media Stock
    InvestorPlace

    Pinterest Users Should Consider a Bet on the Social Media Stock

    Pinterest (NYSE:PINS) surged past its $19 IPO price, and is climbing nearly 40% in 2020, after earnings handily beat estimates.Source: Nopparat Khokthong / Shutterstock.com The internet advertising site, which uses small boxes called "pins" to lead users based on their interests, lost $36 million, 6 cents per share. But revenue for the quarter was $400 million, $1.1 billion for the full year. The company said it had earnings before interest, taxes, depreciation and amortization (EBITDA) of $77 million.It was the revenue number, 46% ahead of a year ago, that really set tongues wagging. Pinterest zoomed in the after-hours market by 19%. The shares opened Feb. 7 at $26.99. That's a market capitalization of $15.3 billion.InvestorPlace - Stock Market News, Stock Advice & Trading Tips The Next Facebook?Analysts seem to have turned on a dime, from thinking of Pinterest as the next Uber (NYSE:UBER) to seeing it as the next Facebook (NASDAQ:FB). The company recently passed Snap's (NYSE:SNAP) Snapchat to become the third-leading social platform, based on monthly users.Management seemed to share the new enthusiasm, predicting the company can top 2020 revenue estimates of $1.47 billion. * 7 Utility Stocks to Buy That Offer Juicy Dividends Pinterest began life in 2010 as an idea center where do-it-yourselfers could "pin" ideas to a virtual whiteboard. What it delivers, especially for women, is the "serendipity" they might have gotten in the past browsing a mall or a magazine.CEO Ben Silbermann, who co-founded the site in his 20s, is acutely aware of social media's credibility issue. When Pinterest found people were looking for vaccine information on the site, he sought verified sources like the Centers for Disease Control and Prevention and gave them exclusive rights to post about it. Pinterest also created a "compassionate search" function, using clinical psychologists, to make sure those seeking help with depression got real help rather than nonsense.It's doing the same thing with the 2020 elections, rolling out a "civic participation policy" aimed at preventing the spread of "false or misleading" information. Silbermann calls Pinterest "an inspiration platform" rather than a social network. Bad Days Behind It?Pinterest came public last April and its first trade was at $23.75, up 25% from the IPO price of $19. But a negative third-quarter report caused investors to sour on it, and in November it traded at $18.71.Like many other recent tech unicorns, Pinterest has a dual-share structure, giving Silbermann and co-founder Evan Sharp control. Silbermann says it's so they can run the company "for the long term." But the structure has come under criticism thanks to CEOs like Uber's Travis Kalanick and WeWork's Adam Neumann.Pinterest's newest features are all built around shopping. Its new Try On Lens lets women see what lipstick would look like on them, using augmented reality. The tool is being rolled out with major lipstick brands. The Bottom Line on Pinterest StockMost analysts, and many investors, were sleeping on Pinterest, after it lost $125 million in the third quarter on revenue of $280 million.But InvestorPlace's Chris Tyler was not among them. He wrote in late January that the stock was "an ironclad buying opportunity." He explained how the coronavirus was driving people into their homes, but how online shopping can bridge the gap.Josh Enomoto also saw the pros of buying Pinterest, citing its popularity among young women. He called it a speculative bet.The stock still trades well below its highs over $36, meaning it has room to run. On the other hand, the current price is 11 times revenue, and earnings have yet to appear.My view is that if you like and understand the site, this may be the speculation you're looking for.Dana Blankenhorn is a financial and technology journalist. He is the author of the environmental thriller Bridget O'Flynn and the Bear, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this story. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post Pinterest Users Should Consider a Bet on the Social Media Stock appeared first on InvestorPlace.

  • InvestorPlace

    5 Growth Stocks That Are as Hot as Tesla

    Shares of electric vehicle (EV) maker Tesla (NASDAQ:TSLA) have received all the hype and attention lately because the stock has been on a torrid run, wherein shares have more than tripled over the past six months. That's a jaw-dropping gain, and many investors can't believe it. After all, over that same stretch, the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite are all up less than 20%.But -- and not to take anything away from this record rally in Tesla sock, which has been very impressive -- such huge rallies in growth stocks happen quite often.Shares of ecommerce solutions provider Shopify (NYSE:SHOP) nearly tripled from $120 to $360 during the first half of 2019. Also in the first half of 2019, streaming device maker Roku (NASDAQ:ROKU) saw its stock more than triple, as did social media company Snap (NYSE:SNAP). Shares of programmatic advertising leader The Trade Desk (NASDAQ:TTD) saw its stock triple from $50 to $150 during a six month stretch in 2018. MongoDB (NASDAQ:MDB), Beyond Meat (NASDAQ:BYND), Canopy Growth (NYSE:CGC) and Advanced Micro Devices (NASDAQ:AMD) have all had stretches over the past few years where they've tripled in a six month span.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIn other words, while the record rally in Tesla stock is impressive, it's not unprecedented. There are a handful of growth stocks that have done it before. And, there are handful of growth stocks that have been just as hot as Tesla over the past six months. * 7 Biotech Stocks to Buy That Could Beat the Coronavirus Without further ado, let's take a deeper look at those red-hot growth stocks. Growth Stocks That Are as Hot as Tesla: Hovnanian Enterprises (HOV)Gain in past 6 months: 325%At the top of this list, we have a big surprise. Homebuilders aren't normally considered growth companies. Nor are homebuilder stocks often big gainers. But, shares of U.S. residential homebuilder Hovnanian Enterprises (NYSE:HOV) are up a whopping 325% over the past six months, making Hovnanian stock one of the hottest stocks in the market over that stretch.How did a U.S. residential homebuilder get so hot? By replacing bankruptcy fears with promising growth potential.Long story short, many investors thought that Hovnanian was on the verge of bankruptcy earlier this year. The homebuilder hadn't reported a positive revenue growth quarter since 2016, and was sitting on a heavy debt load that did not look serviceable in the face of declining demand trends. Hovnanian's stock price, which sat at $5 in August 2019, reflected this dour reality.Then, Hovnanian reported third-quarter results, which included a 5.5% rise in revenues. The U.S. homebuilder followed that up with 16% revenue growth in the fourth quarter, amid aggressive community count expansion. At the same time, management successfully refinanced a bunch of debt and eliminated all debt maturities until 2022. With revenue growth back in the picture and bankruptcy concerns moving into the background, Hovnanian stock took off like a rocket ship.Can the big rally continue? Probably. Hovnanian stock remains pretty cheap relative to other homebuilders. The U.S. housing market should continue to move higher in 2020, supported by low rates and strong labor market conditions. Although the best of this rally is over, there is likely more upside left. Cardlytics (CDLX)Gain in past 6 months: 201%One technology growth stock that has tripled alongside Tesla over the past six months is that of payment card analytics company Cardlytics (NASDAQ:CDLX), and with good reason.Cardlytics employs a pretty genius business model. They leverage credit and debit card data to pair marketers with consumers and power relevant and strong bank loyalty and rewards programs. In so doing, they are creating an ecosystem where consumers win (through relevant promotions), marketers win (through increased brand awareness) and banks win (through increased card spend and engagement).This business model is pretty new. But it's starting to take off, mostly thanks to its multi-faceted benefits. Over the past few years, Cardlytics has gone from one major bank partner -- Bank of America (NYSE:BAC) -- and 50 million active users, to three major bank partners -- adding JPMorgan (NYSE:JPM) and Wells Fargo (NYSE:WFC) -- and nearly 150 million active users.That's a lot of growth, and in sum, it has powered huge gains in Cardlytics stock, including a 200%-plus gain over the past six months. * 7 Heavily Shorted Stocks That Could Pop on a Short Squeeze Can the huge rally continue? Yes. Valuation friction is a problem. Cardlytics stock is not cheap. But, now that Cardlytics has partnerships in place with most major U.S. banks, they can easily leverage those partnerships to build out their portfolio of marketers, which will in turn increase how much consumers spend through the banking rewards programs, and push Cardlytics revenues and profits way higher. So long as those keep moving higher, so will Cardlytics stock. FuelCell Energy (FCEL)Gain in past 6 months: 400%Once a penny stock trading just north of 10 cents per share, FuelCell Energy (NASDAQ:FCEL) stock has surged 400% over the past six months on two big catalysts.First, the fuel cell power company signed a new, expanded joint development agreement with Exxon Mobil (NYSE:XOM), worth up to $60 million. Second, FuelCell started commercial operations of its 2.8 MW fuel cell project at wastewater treatment facility in Tulare, California. Strung together, these two major product catalysts pushed FuelCell stock from 25 cents in early November 2019 to nearly $3 by late January 2020.However, shares have taken a big step back since late January. FuelCell reported sub-par fourth-quarter numbers, in which revenues dropped significantly year-over-year, gross margins eroded, losses widened and what was supposed to be a $2 billion order backlog, came in at just $1.3 billion.Where does FuelCell stock go from here? It's tough to say. The company landed a few big contracts. But the numbers remain pretty ugly. If those numbers get better, then the stock will rebound. If they don't, shares will remain under pressure. As such, the best thing to do here is wait to see how next quarter's numbers come in. If they're good, buy into the rebound rally. If they're bad, stay on the sidelines. EverQuote (EVER)Gain in past 6 months: 180%Much like Tesla, online insurance marketplace operator EverQuote (NASDAQ:EVER) has delivered monstrous growth numbers over the past few quarters. And, much like Tesla stock, EverQuote stock has essentially tripled over the past six months on the back of these strong growth numbers.The growth narrative at EverQuote is pretty simple. You have an online insurance marketplace, which leverages consumer data to optimally match insurance buyers with insurance sellers, based on coverage options, pricing, location, etc. Theoretically, the more consumer data EverQuote has, the smarter its insurance matching algorithms get, and the better outcomes the EverQuote marketplace produces for both insurance buyers and sellers. Consequently, EverQuote's huge consumer data growth this year (quote requests rose over 80% last quarter) lays the groundwork for scalable growth over the next few years.As good as that bull thesis sounds, investors should tread carefully with EverQuote stock, mostly because there is a lot of controversy surrounding this company. That controversy includes: 1) a ton of negative consumer reviews across various sites claiming that all the company really does is sell "leads;" 2) some contradictory web traffic data from SimilarWeb; 3) a huge short interest and 4) a ton of insider selling. Further, even if you ignore those red flags, EverQuote stock is still very richly valued, and further upside looks limited even if everything goes right. * 10 Tech Stocks to Buy Now for 2025 As such, while EverQuote stock has been one of the hottest stocks on the market for the past six months, I doubt it will remain so for the next six months, too. Applied Therapeutics (APLT)Gain in past 6 months: 513%Last, but certainly not least, on this list of growth stocks that have been as hot as Tesla over the past six months is clinical-stage bio-pharmaceutical company Applied Therapeutics (NASDAQ:APLT).Applied Therapeutics has two main pipeline drugs, AT-001 and AT-007. From an investment perspective, AT-007 is the "less" important of the two, but still very critical to the company's growth narrative and almost entirely responsible for the stock's huge gain over the past few months. AT-007 treats galactosemia, a rare genetic metabolic disease caused by an inability to break down galactose. Because it's so rare, the opportunity here isn't large (only about 2,800 patients in America). But, it's still sizable, with Cowen estimating that peak sales of AT-007 could be $500 million.That's why, when Applied Therapeutics reported positive Phase 2 clinical trial results for AT-007 in January, the stock jumped. Indeed, most of this stock's 500%-plus trailing six month gain happened on the heels of the positive Phase 2 results for AT-007.What's exciting, however, is that the best may still be coming. AT-001 is the potential blockbuster hit, as it treats diabetic cardiomyopathy, a fairly common disorder impacting about 20% of diabetics, or around 77 million patients globally. At present, there is no approved therapy for diabetic cardiomyopathy. AT-001 has posted positive Phase 1 and Phase 2 clinical trial results and Phase 3 clinical trial results are due in 2021. If positive, that will provide a huge boost for this stock, since estimated peak U.S. sales for the drug are about $950 million.Big picture -- Applied Therapeutics is a red-hot biopharma company with two pipeline drugs, both of which have tremendous clinical momentum at present. If they sustain this momentum, Applied Therapeutics stock will keep marching higher.As of this writing, Luke Lango was long SNAP, TTD, BYND and CGC. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Utility Stocks to Buy That Offer Juicy Dividends * 10 Gold and Silver Stocks to Profit Off 2020's Fear Trade * 3 Top Companies That Should Be More Careful With Your Data The post 5 Growth Stocks That Are as Hot as Tesla appeared first on InvestorPlace.

  • TheStreet.com

    Snap Is Dangerously Overpriced and Should Be Avoided

    Despite strong revenue growth, Snap is priced for perfection, highly unprofitable and faces intense competition.

  • Is Twitter Stock A Buy Right Now? Here's What Earnings, Charts Show
    Investor's Business Daily

    Is Twitter Stock A Buy Right Now? Here's What Earnings, Charts Show

    Is Twitter stock a buy now? Check out the stock's fundamental and technical metrics to figure out if the stock should be on your watchlist.

  • Twitter tops user, sales expectations for 4Q
    Yahoo Finance

    Twitter tops user, sales expectations for 4Q

    Twitter posted fourth-quarter 2019 earnings results before market open on Thursday.

  • Snap vs Facebook: Which Social Media Stock is the Better Buy?
    TipRanks

    Snap vs Facebook: Which Social Media Stock is the Better Buy?

    Back in 2013, Snap CEO Evan Spiegel resisted Facebook’s offer to buy the company behind the successful Snapchat app. The rejection caused a stir at the time, but in hindsight, it appears the correct decision was made. Snap has since gone public and has a market cap of $23 billion, which is far bigger than the $3 billion offered at the time by Zuckerberg’s all-encompassing social media behemoth.Facebook, though, had just bought Instagram, and a year later would add WhatsApp to its ever-expanding universe. So, things have gone pretty well for both since, leaving everyone “liking” the way things have panned out.However, as it happens, both recently released earnings reports that the Street took to unfavorably. Using TipRanks’ Stock Comparison tool, we lined up the two alongside each other to get the lowdown on what the near-term holds for both of these social media players. Snap Inc. (SNAP)One of last year’s success stories, the maker of the popular Snapchat app rebounded magnificently in 2019. Following two difficult years of continued share price decline, the 203% gain posted by the end of the year was further extended upon in January. This week, though, the rally came to an end.Snap posted its Q4 2019 report on February 4 and the market got a little flustered with the print, sending the share price down by over 14% in the following session.Despite daily active users rising by 17% year-over-year to 218 million, and EPS of $0.03 surpassing the estimate’s $0.01, the disappointment stemmed from Snap’s miss on revenue; at $561 million, the figure came in below the expected $562.9 million. This was the first revenue miss for the company in seven quarters. Snap expects revenue for Q1 2020 to land between $450 million and $470 million, roughly in line with the estimate’s $461.6 million. Guidance projects 224 million to 225 million daily average users, an 18% year-over-year increase.In addition to the mixed print, Snap is also coming across increasing competition in the shape of Gen Z favorite Tik Tok. The popular app is gaining market share and could prove more troublesome for Snap’s numbers as the year progresses.Nevertheless, according to J.P. Morgan’s Doug Anmuth, the market has overreacted to the overall positive results, and the post-earnings pullback represents a buying opportunity. Anmuth argues a backdrop of a growing user base and linear TV ad dollars shifting more toward mobile video can provide Snap with "strong" average revenue per user gains over time. Additionally, the 5-star analyst believes the shorter holiday impacted results and that Q1 sales could accelerate.Anmuth, therefore, kept his Overweight rating along with his $20 price target. The figure implies upside potential of 24%. (To watch Anmuth’s track record, click here)Out on the Street, Snap’s 14 Buys and 12 Hold ratings add up to a Moderate Buy consensus rating. With an average price target of $20.48, analysts see the social media name adding 27% to the share price over the coming 12 months. (See Snap stock analysis on TipRanks) Facebook (FB)Onto the F in FAANG, we move to the seemingly unstoppable Facebook. The social media giant was repeatedly in the news last year for all the wrongs reasons: allegations of user data breaches and regulatory issues concerning its proposed digital currency Libra. Did these affect the price movement? Au contraire. Facebook marched on and handily beat the S&P 500’s stellar 29% increase in 2019, posting a gain of 59% over the year.Last week’s earnings report, too, displayed further impressive figures. Revenue came in at $21.1 billion, easily beating the estimate of $20.9 billion and exhibiting a year-over-year increase of 25%. At $2.56, EPS exceeded the Street forecast by $0.03. Facebook also reported that free cash flow rose, up from $3.3 billion to $4.8 billion. 2018’s overall figure of $15.4 billion was eclipsed by 2019’s free cash flow of $20.7 billion.Despite the beats across the board, the Street was unimpressed, having expected more acceleration in the growth figures. The social media giant’s outsized growth expenses caused the relatively modest EPS increase of 8% year-over-year. As a result, the market reacted with a shrug and sent the share price down by over 3.5% the following day.Jefferies analyst Brent Thill, though, is non plussed by the tepid reaction. Facebook’s core business is still "very healthy" and the 5-star analyst sees "plenty to like" in the company's Q4 report.Thill argues that if Facebook grows expenses at or below the low end of its initial FY20 guidance, the company "has a clear pathway to a bull case of $10 EPS in FY20.”Accordingly, then, Thill reiterated a Buy rating on FB and kept his price target of $250 as is. The figure implies potential upside of 19% over the next year. (To watch Thill’s track record, click here)The rest of the Street agrees. Facebook’s Strong Buy consensus rating breaks down into 34 Buys, 3 Holds and a single Sell. At $252.22, the average price target comes in slightly higher than Thill’s and indicates possible upside of 20%. (See Facebook stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Tesla, Disney, Snapchat, eBay, it's all good news!
    Zacks

    Tesla, Disney, Snapchat, eBay, it's all good news!

    Tesla, Disney, Snapchat, eBay, it's all good news!

  • GuruFocus.com

    US Stocks in the Green on Wednesday

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  • Barrons.com

    Snap Stock Is Sagging on Ad Worries. It’s Bad News for Twitter.

    Snap blamed a shorter-than-usual 2019 holiday shopping season for its revenue miss, a dynamic that could affect Twitter as well.

  • Benzinga

    Snapchat's Stock Snaps Back: The Street Debates How To React

    Snapchat's parent company Snap Inc (NYSE: SNAP ) reported a fourth-quarter revenue miss and widening year-over-year loss. Snap's total addressable market represents a top concern for investors to "worry ...

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    TechCrunch

    How Hoop hit #2 with its Tinder for Snapchat

    Snapchat's developer platform is blowing up as a gateway to teen social app users. Hoop is the latest Snap Kit blockbuster, rocketing to No. 2 on the overall App Store charts this month with its Tinder -esque swiping interface for discovering people and asking to message with them over Snapchat. Within a week of going viral, unfunded French startup Dazz saw Hoop score 2.5 million downloads.

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    Day Ahead: Top 3 Things to Watch for Feb. 6

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  • Snap shares plunge 14% on revenue, earnings miss
    MarketWatch

    Snap shares plunge 14% on revenue, earnings miss

    Snap Inc. shares plunged after the company’s fourth-quarter earnings fell short of Wall Street estimates on Tuesday, momentarily blunting a year-long financial bounce back that had catapulted the past year.

  • Snap (SNAP) Q4 Earnings Beat Estimates, Revenues Rise Y/Y
    Zacks

    Snap (SNAP) Q4 Earnings Beat Estimates, Revenues Rise Y/Y

    Snap's (SNAP) fourth-quarter 2019 results benefit from growth in DAUs and user engagement levels, owing to strong adoption of AR Lenses and Premium content.

  • TheStreet.com

    Snap Analysts Issue Mixed Assessments After Earnings Report

    Snap analysts, issuing a mix of opinions after the company's fourth-quarter report, say the Snapchat parent needs to speed up revenue growth to sustain its stock rally.

  • Snap finds defenders as stock plunges 10%
    MarketWatch

    Snap finds defenders as stock plunges 10%

    Snap Inc. shares are tumbling 10% in morning trading Wednesday after the company’s first revenue miss in seven quarters, but the stock found some defenders in the analyst community.